How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement...AND Investment!

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9780071429702: How a Second Home Can Be Your Best Investment: New, Tax-Free Methods for Using a Vacation Home for Recreation, Retirement...AND Investment!

Invest in your future with the second home of your dreams

If you've thought of owning a second home--as a vacation property, a place to retire, or just a smart investment--what are you waiting for? If you can own one home, you can own two! How a Second Home Can Be Your Best Investment offers commonsense guidance and case studies that show ordinary homeowners how to find a second home, finance it, and use it to build long-term wealth.

In this practical, straightforward guide, real estate experts Tom Kelly and John Tuccillo show you how to use the equity in your current home as a down payment on a second home--and how to get other people to pay the mortgage! With a little patience, you'll own a second home that you can live in, sell tax-free, or use as a source of lifelong cash flow. Packed with useful resources, proven strategies, and simple, unbeatable real estate wisdom, you'll have all the tools you need to:

  • Calculate what you can afford
  • Choose a community
  • Find the perfect property
  • Get the best financing
  • Understand and profit from tax laws
  • Manage your second home as a rental, and
  • Live richly off your investment!

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About the Author:

Tom Kelly (Rolling Bay, WA) writes a nationally syndicated real estate column and is a former real estate editor for the Seattle Times.

John Tuccillo (Arlington, VA) was previously chief economist for the National Association of Realtors and gives more than 50 public speeches a year on real estate topics.

"About this title" may belong to another edition of this title.

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